KATHMANDU, August 10: The single-day turnover at Nepal Stock Exchange (Nepse) plunged to Rs 1.93 billion on Wednesday due to low confidence of investors in stocks trading.
For the past few weeks, the daily turnover of shares had been hovering at around Rs 3 billion. However, it fell by around Rs 1 billion on Wednesday.
With the investors turning reluctant to purchase shares, the Nepse index declined by a marginal value of 5.91 points. The market that opened at 2,062.80 points lost more than 20 points in the first few minutes of the commencement of the day’s trading. The market index reached the highest of 2,074.50 points before it closed finally at 2,056.88 points.
Except for manufacturing and processing and investment, the remaining 11 trading groups witnessed losses in their average shares prices.
In individual companies, Citizen Investment Trust had the largest transactions of its shares worth Rs 106.87 million. Himalayan Everest Insurance Limited was the topmost loser while Himalayan Hydropower Limited was the biggest gainer of the day.